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ChatGPT Loses It's Best Fundraiser

The co-founder of OpenAI, who made waves a mere year ago with the unveiling of ChatGPT, Altman positions himself as the altruistic sorcerer orchestrating a technological marvel that has the potential to revolutionize entire industries and, some argue, reshape the course of humanity itself.



In a surprising twist, Sam Altman, the co-founder of OpenAI, found himself dethroned from his role as CEO and director on Friday. Just a year ago, Altman was hailed as the benevolent wizard orchestrating the technological marvel of ChatGPT, a creation that sparked widespread discussions about its potential to revolutionize entire industries and even reshape humanity. However, the unexpected decision by OpenAI's board marked a significant turn of events, casting Altman aside from his leadership positions within the organization.



In an unexpected development on November 17, the directors of OpenAI, now valued at approximately US$80 billion, removed co-founder Sam Altman from his CEO and director positions. The decision was attributed to a perceived failure in maintaining consistent transparency in communications, though specific details were not immediately disclosed.

OpenAI assured its staff of continued stability post-Altman, but the departure of the Silicon Valley luminary, renowned for leading Y Combinator, leaves a significant void in the company's fundraising efforts. Sustaining the software incurs tangible costs, requiring skilled engineers, a resource that gravitated towards Altman.

Altman, aged 38, remained upbeat during his tenure at OpenAI. Just days before the announcement, he engaged with attendees at an AI conference in San Francisco and participated in a panel discussion at the Asia-Pacific Economic Cooperation summit. Meanwhile, the board deliberated on his fate.

Addressing his departure on Elon Musk's AI-focused platform, X, Altman expressed appreciation for working with talented individuals and hinted at revealing future plans. Notably, Altman played a pivotal role in securing a $10 billion commitment from Microsoft CEO Satya Nadella, driving OpenAI's valuation from $29 billion to over $80 billion.

His influence extended to attracting top-tier AI engineering talent in a fiercely competitive market. Altman successfully recruited professionals from industry giants like Google and Microsoft, enticing them with promises of involvement in groundbreaking technology.

Despite concerns surrounding the potential dystopian impact of AI, Altman dismissed the need for "heavy regulation" in the near term. He acknowledged that regulations might become relevant when AI models reach a scale equivalent to an entire company, a country, or the entire world, emphasizing the evolving nature of the technology.


Born and raised in the vibrant city of St. Louis, Missouri, Mr. Altman's educational journey took a distinctive turn as he ventured into Stanford University for a single year, aligning himself with a tradition prevalent among tech luminaries who opted for unconventional paths by eschewing formal degrees. Apart from his notable contributions to OpenAI, Altman recently embarked on a groundbreaking venture this year—a cryptocurrency firm introducing an avant-garde method of iris scanning for identity verification.

His propensity for ambitious and visionary undertakings found resonance within the tech community, particularly among engineers weary of the conventional confines of established tech giants.

A blog post from three years ago revealed Altman's philosophy, asserting that being misunderstood by the majority is not a weakness but a strength, provided one is on the right trajectory. According to Altman, this misunderstood status grants a unique space for him and a select group of rebels to confront and unravel crucial problems that might otherwise remain unaddressed in the technological landscape.